Turkey's central bank hikes interest rate by 500 basis points to 40%, well above expectations

Turkey's central bank on Thursday hiked its main interest rate by 500 basis points to 40% in a move that was larger than expected by economists.

You're viewing a single thread.

20 comments

Its sad to see how my country is going shittier every fucking day
- It's fucking stupid to do it all at once but I think this should have happened ~5 years ago. Raising interest rates are how you fight inflation.. We wouldn't be in a situation where it costs 500 TL for one sucuk if they started doing this well before covid.
  
  Fax.

You've viewed 20 comments.